Press Release
Hong Kong, November 20, 2023 – J.P. Morgan today announced the launch of new Hong Kong dollar pair FX Warrants in the Hong Kong market, making it the first issuer in Asia to introduce FX Warrants with CNH/HKD (Chinese Renminbi traded outside Mainland China / Hong Kong dollar) and JPY/HKD (Japanese Yen / Hong Kong dollar) as underlying currencies pairs. The new FX Warrants will begin trading on the Hong Kong Stock Exchange on November 23, 2023.
“The introduction of HKD pair FX Warrants in Hong Kong complements J.P. Morgan’s existing offering of a wide range of equity-linked warrants, providing investors with an alternative investment tool to diversify their portfolio. As FX Warrants are linked to currency movements, they typically have lower implied volatility, resulting in a more cost-effective buying option. Additionally, the FX Warrants also offer investors an efficient way to hedge their currency exposure,” said Yowjie Chien, global head of Warrants and Options Electronic Client Solutions at J.P. Morgan. “The launch of new HKD pair FX Warrants reinforces J.P. Morgan’s commitment as a leading issuer of derivative products in Hong Kong. We are continuously innovating to meet the evolving needs of investors in changing market conditions, and to expand their investment options.”
J.P. Morgan’s new FX Warrants linked to currency pairs with foreign currencies as the base currency and HKD as the quote currency, align with growing investor demand. This convention not only supports investors’ ability to analyze currency movements but also empowers them to capitalize on directional views. These FX Warrants also enable investors with overseas assets to easily manage foreign exchange risk and hedge against currency fluctuations.
J.P. Morgan also plans to issue five additional currency pairs in the coming months.
“FX Warrants as a hedging instrument on currency risk are flexible and they do not require any collateral or margin requirements. The downside risk is limited to the Warrants premium whereas the upside potential can be captured. This makes FX Warrants an attractive and convenient solution for investors looking to mitigate against currency fluctuations and optimize their global asset allocation,” said Cedric Cheung, head of Listed Structured Products Sales for Asia at J.P. Morgan.
For more information, please visit https://jpmhkwarrants.com/en_hk.
About J.P. Morgan
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $317 billion in stockholders’ equity as of September 30, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Structured Products are non-collateralized products. If the Issuer and its guarantor are insolvent or default, investors may not recover part or all of the amount due. This information provided by J.P. Morgan Securities (Asia Pacific) Limited (“J.P. Morgan”) is for information and discussion purposes only and is not intended as an offer, invitation, inducement, advice, recommendation or solicitation for the purchase or sale of any financial instrument nor does it constitute a commitment by J.P. Morgan or its affiliates to enter into any transaction. Past performance is not indicative of future results. The price of the structured products mayfall in value as rapidly as it may rise and investors may sustain a total loss of their principal invested. Callable bull/bear contracts have a mandatory call feature and may be terminated early, in such case, (i) an investor of category N callable bull/bear contracts will not receive any cash payment; (ii) the residual value for category R callable bull/bear contracts may be zero. Investors must make their own risk assessment and where necessary, seek professional advice. Investor should not invest in these structured products unless they have carefully read and understand the terms and conditions, risk factors and other information asset out in the listing documents, and fully understand and are willing to assume the risks associated with them. It is not possible to predict the liquidity in the secondary market forthe Structured Products. J.P. Morgan Broking (Hong Kong) Limited is a dealer and liquidity provider for warrants, inline warrants, CBBCs and/or traded options; and may be the only liquidity provider for the Structured Products.
Media Contact
Danny Leung
Corporate Communications
852+ 2800 3254
danny.leung@jpmorgan.com
香港，2023 年 11 月 20 日——摩根大通宣布在香港市場推出新的港元兌外匯權證，成為亞洲首家發行以CNH/HKD（離岸人民幣/港元）和JPY/HKD（日元/港元）為貨幣對的外匯權證發行機構。新的外匯權證將於2023年11月23日於香港交易所正式上市。
摩根大通董事總經理兼環球上市衍生產品及期權電子交易主管錢又加表示:「摩根大通在香港推出港元兌外匯權證，加上其現有的多款股票掛鈎認股權證，為投資者提供多元化投資工具，實現投資組合的多樣化。由於外匯權證與貨幣變動相關，因此它們的引伸波幅通常較低，為具成本效益的投資工具。此外，外匯權證還為投資者提供了一種有效的避險工具來對沖他們的貨幣風險。此舉體現了摩根大通作為香港主要的衍生產品發行機構的承諾，不斷創新以滿足投資者在不同市場環境下不斷變化的需求，並擴展其投資選擇。」
摩根大通新的港元兌外匯權證以外幣作為基礎貨幣，港元作為報價貨幣，符合投資者對以港元作為外匯交易報價貨幣的需求增長。投資者對港元的高熟悉度提高了他們分析貨幣波動的能力，有助他們根據不同外匯走勢獲取利潤。這些外匯權證使持有海外資產的投資者能夠輕鬆管理外匯風險並對沖貨幣波動。
摩根大通計劃在未來數月發行五組不同貨幣的外匯權證。
摩根大通董事總經理及亞洲上市衍生產品銷售部主管張智卓表示：「外匯權證作為貨幣風險對沖工具靈活及不需要任何擔保或保證金。這限制了下行風險，並捕捉上升潛力。對於需要尋求對沖貨幣波動風險及改善全球資產配置的投資者，外匯權證是個便利的解決方案。」
如欲了解更多相關資訊，可瀏覽摩根大通認股證牛熊證網站：www.jpmhkwarrants.com 。
關於摩根大通
摩根大通集團（紐約證券交易所：JPM）是一家全球領先的金融服務公司，擁有資產達3.9萬億美元，業務遍及全球。摩根大通在投資銀行、消費者及小型企業金融服務、商業銀行服務、金融交易處理以及資產管理等領域享有領先地位。作為道瓊斯工業平均指數的成份股，摩根大通通過旗下JP Morgan和Chase品牌為美國數百萬計的客戶以及全球眾多知名企業、機構及政府客戶提供服務。有關摩根大通集團的更多資料，請查閱 www.jpmorganchase.com
本資料所述之結構性產品並無抵押品。如發行人及其擔保人無力償債或違約，投資者可能無法收回部份或全部應收款項。本資料由摩根大通證券（亞太）有限公司（「摩根大通」）編製，僅供參考，並不構成任何要約、建議、提呈出售或招攬購買任何上述產品。過往表現並不代表將來的表現。結構性產品之價格可急升或急跌，投資者或會損失所有投資。可贖回牛熊證備有強制贖回機 制而可能被提早終止，屆時 (i) N 類牛熊證投資者將不獲發任何金額；(ii) R 類牛熊證之剩餘價格可能為零。投資者應自行評估風險，並在需要時諮詢專業意見。投資前應詳閱有關上市文件，並瞭解結構性產品之特性及風險。結構性產品於第二市場的流通量是無法預料的。J.P. Morgan Broking (Hong Kong) Limited為認股證、界內證及牛熊證及/或交易期權的莊家及流通量提供者亦可能為上述結構性產品的唯一流通量提供者。
媒體查詢
Danny Leung
852+ 2800 3254
danny.leung@jpmorgan.com